EURUSD breaks below 1.2624 support, suggesting that the downtrend from 1.4939 (May 4, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.2200 area. Initial resistance is at...
The EUR/USD pair attempted to rally on Thursday but failed miserably. The 1.25 level brought out the buyers, but they simply weren’t enough to stop the move lower. At the end of the session, we had a...
The Retail Sales in the UK were significantly worse than expected in April.
The EUR/USD pair had a rough session on Wednesday as the markets continue to punish the Europeans for dawdling when it comes to figuring out the financial health and soundness of the region.
When is the last time the markets have heard anything bullish about the euro?
The EUR/USD pair fell hard during the Tuesday session as fears of a breakup in the region continue. Adding to this pressure was the comments from former Prime Minister of Greece Mr. Papademos, who stated that the...
The “G8” leaders agreed to continue taking measures to strengthen the
The EUR/USD pair had a positive session on Monday as the bounce continued from the Friday session. The pair has been massively oversold in the last couple of weeks, so this bounce was bound to happen sooner...
The EUR/USD pair originally fell for the session, but the markets covered short positions late in America in order to create a pop in this pair. The G8 meeting at Camp David over the weekend could produce...
EURUSD is facing the 1.2624 support, a breakdown below this level will indicate that the long term downtrend from 1.4938 (May 4, 2011 high) has resumed, then further decline towards 1.1500 could be seen. Resistance is at...
